DB Schenker, the transport and logistics division of German railway company Deutsche Bahn, has co-developed a decentralised application for supplier evaluation using the VeChainThor blockchain platform.
DB Schenker has been providing logistics services in China for more than 50 years and employs 5,700 specialists in over 60 cities across the country. However, the sheer size of its growing Chinese network has complicated the process of measuring the performance of third-party service providers.
Using VeChain’s blockchain platform, DB Schenker’s supplier evaluation system aims to rank and track service providers by factors such as the quality of their packaging, transportation times, and overall service.
According to a statement from VeChain, “this is the first time that blockchain has been used for supplier management purposes”.
The decentralised app will use VeChainThor to score business partners using collected data, and give DB Schenker insights into the quality of its suppliers. While on the surface this may seem like a niche application, VeChain has suggested that it could evolve into a platform used by multiple logistics service providers.
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